This is the help bit

MortgageAnalyser

Want to discover the best mortgage?
Analyse, compare and dissect them here.

About

What is this?

Is a mortgage with a lower discounted rate worth paying a larger fee for? How will an interest rate rise affect your payments? In 10 years time, how much will be left to pay and what will be the real value of your payments? Find out with the most comprehensive mortgage analyser on the net.

How to use

Fill in the boxes and hit "Calculate" - it's that easy! Use the help links - [?]. This service is intended as a guide only; please check the figures yourself. Your home may be at risk if you set fire to the curtains.

Here is an actual example of a comparison between two real mortgages.

Handy hint - Change the names "Mortgage 1" and "Mortgage 2" to keep track of the mortgages you are comparing.

Handy hint - Save the results of your analysis by bookmarking (add to favourites) the page.

Analysis

Loan Details

Mortgage Amount
Term of Mortgage
Years

Mortgage Details

[?]
Interest Rate (Standard)
%
Fees Added to Mortgage
[?]
Fees Paid Now
[?]
Interest Rate (Discounted)
[?]
%
Discounted Rate Period
[?]
(As other column)
Extra Payment (monthly)
[?]

Mortgage Details

Interest Rate (Standard)
%
Fees Added to Mortgage
[?]
Fees Paid Now
[?]
Interest Rate (Discounted)
[?]
%
Discounted Rate Period
[?]
Months
Extra Payment (monthly)
[?]

>

Mortgage Analysis

[?]

Payments

Discounted payments:
878.70
(+84.64)
1% Rate rise will add:
81.12
(+3.45)
Standard payments:
962.72
(+76.65)
1% Rate rise will add:
79.42
(+2.90)
[?]

Discounted Period Details

Loan balance at end:
124300.49
(+16.86)
Total cost to end:
21088.80
(+2031.33)
Adjusted* cost to end:
20564.89
(+1980.86)
[?]

Full Mortgage Details

Total cost:
275246.93
(+22267.92)
Adjusted* total cost:
203698.80
(+16562.36)
[?]

State of the mortgage by year:

Year Balance Adjusted* Payment
0 129149.00 878.70 (+84.64)
1 126802.09 855.83 (+82.44)
2 124300.49 913.26 (+72.72)
3 121992.10 889.49 (+70.82)
4 119504.51 866.34 (+68.98)
5 116823.80 843.79 (+67.18)
6 113934.98 821.83 (+65.44)
7 110821.90 800.44 (+63.73)
8 107467.13 779.61 (+62.07)
9 103851.93 759.32 (+60.46)
10 99956.07 739.56 (+58.89)
11 95757.76 720.31 (+57.35)
12 91233.53 701.56 (+55.86)
13 86358.07 683.30 (+54.41)
14 81104.12 665.52 (+52.99)
15 75442.28 648.20 (+51.61)
16 69340.91 631.33 (+50.27)
17 62765.87 614.90 (+48.96)
18 55680.39 598.89 (+47.69)
19 48044.85 583.31 (+46.44)
20 39816.54 568.13 (+45.24)
21 30949.45 553.34 (+44.06)
22 21393.98 538.94 (+42.91)
23 11096.69 524.91 (+41.79)

Mortgage Analysis

[?]

Payments

Discounted payments:
794.06
1% Rate rise will add:
77.67
Standard payments:
886.07
1% Rate rise will add:
76.52
[?]

Discounted Period Details

Loan balance at end:
124283.63
Total cost to end:
19057.47
Adjusted* cost to end:
18584.03
[?]

Full Mortgage Details

Total cost:
252979.01
Adjusted* total cost:
187136.43
[?]

Effect of Extra Payments

Mortgage term:
19 Years, 11 Months
Total saving:
24051.19
Adjusted* saving:
9859.35
[?]

State of the mortgage by year:

Year Balance Adjusted* Payment
0 129999.00 794.06
1 127216.01 773.39
2 124283.63 840.54
3 121651.78 818.67
4 118843.67 797.36
5 115847.49 776.61
6 112650.66 756.40
7 109239.72 736.71
8 105600.36 717.54
9 101717.25 698.86
10 97574.09 680.67
11 93153.45 662.96
12 88436.75 645.70
13 83404.17 628.90
14 78034.54 612.53
15 72305.31 596.59
16 66192.37 581.06
17 59670.04 565.94
18 52710.90 551.21
19 45285.69 536.86
20 37363.20 522.89
21 28910.12 509.28
22 19890.93 496.03
23 10267.71 483.12
* Adjusted numbers are the equivalent monetary value taking inflation into account. Inflation is assumed to average 2.68% (the UK average for the past 15 years). Please note that this could be wildly inaccurate.
[?]

Balance of mortgage(s) over time

Graph of mortgage over time

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